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SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables set forth certain information for each reportable segment:

I. For the Three Months Ended March 31, 2024

			Three Months Ended March 31, 2024
									Ports and Terminals
			Railroad						Jefferson Terminal						Repauno						Power and Gas						Sustainability and Energy Transition						Corporate and Other						Total
Revenues
Total revenues			$	46,312					$	18,616					$	4,079					$	—					$	—					$	13,528					$	82,535
Expenses
Operating expenses			24,842						19,132						6,171						692						—						13,738						64,575
General and administrative			—						—						—						—						—						4,861						4,861
Acquisition and transaction expenses			184						2						—						—						—						740						926
Management fees and incentive allocation to affiliate			—						—						—						—						—						3,001						3,001
Depreciation and amortization			5,012						12,330						2,444						—						—						735						20,521
Total expenses			30,038						31,464						8,615						692						—						23,075						93,884
Other (expense) income
Equity in (losses) earnings of unconsolidated entities			—						—						—						(7,037)						(4,874)						9						(11,902)
Loss on sale of assets, net			(13)						—						—						—						—						—						(13)
Interest expense			(69)						(9,297)						(146)						—						—						(18,081)						(27,593)
Other (expense) income			(603)						6						—						2,302						660						—						2,365
Total other expense			(685)						(9,291)						(146)						(4,735)						(4,214)						(18,072)						(37,143)
Income (loss) before income taxes			15,589						(22,139)						(4,682)						(5,427)						(4,214)						(27,619)						(48,492)
Provision for (benefit from) income taxes			1,092						(554)						(136)						—						—						1,403						1,805
Net income (loss)			14,497						(21,585)						(4,546)						(5,427)						(4,214)						(29,022)						(50,297)
Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries			61						(10,465)						(286)						—						—						—						(10,690)
Less: Dividends and accretion of redeemable preferred stock			—						—						—						—						—						16,975						16,975
Net income (loss) attributable to stockholders			$	14,436					$	(11,120)					$	(4,260)					$	(5,427)					$	(4,214)					$	(45,997)					$	(56,582)

			Three Months Ended March 31, 2023
									Port and Terminals
			Railroad						Jefferson Terminal						Repauno						Power and Gas						Sustainability and Energy Transition						Corporate and Other						Total
Revenues
Total revenues			$	41,005					$	19,092					$	(1,453)					$	—					$	—					$	17,850					$	76,494
Expenses
Operating expenses			25,235						16,425						4,929						424						1						18,148						65,162
General and administrative			—						—						—						—						—						3,201						3,201
Acquisition and transaction expenses			183						—						—						22						1						63						269
Management fees and incentive allocation to affiliate			—						—						—						—						—						2,982						2,982
Depreciation and amortization			5,101						11,869						2,245						—						—						920						20,135
Asset impairment			141						—						—						—						—						—						141
Total expenses			30,660						28,294						7,174						446						2						25,314						91,890
Other income (expense)
Equity in earnings (losses) of unconsolidated entities			—						—						—						7,761						(3,416)						21						4,366
Loss on sale of assets, net			(124)						—						—						—						—						—						(124)
Interest expense			(955)						(7,884)						(588)						(2)						—						(13,821)						(23,250)
Other (expense) income			(552)						(1,063)						—						1,229						607						—						221
Total other (expense) income			(1,631)						(8,947)						(588)						8,988						(2,809)						(13,800)						(18,787)
Income (loss) before income taxes			8,714						(18,149)						(9,215)						8,542						(2,811)						(21,264)						(34,183)
Provision for income taxes			598						198						114						—						—						819						1,729
Net income (loss)			8,116						(18,347)						(9,329)						8,542						(2,811)						(22,083)						(35,912)
Less: Net income (loss) attributable to non-controlling interests in consolidated subsidiaries			18						(9,185)						(498)												—						(228)						(9,893)
Less: Dividends and accretion of redeemable preferred stock			—						—						—						—						—						14,570						14,570
Net income (loss) attributable to stockholders			$	8,098					$	(9,162)					$	(8,831)					$	8,542					$	(2,811)					$	(36,425)					$	(40,589)

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following table sets forth a reconciliation of Adjusted EBITDA to net loss attributable to stockholders:

			Three Months Ended March 31, 2024
									Ports and Terminals
			Railroad						Jefferson Terminal						Repauno						Power and Gas						Sustainability and Energy Transition						Corporate and Other						Total
Adjusted EBITDA			$	21,658					$	6,801					$	(1,683)					$	10,392					$	(1,859)					$	(8,078)					$	27,231
Add: Non-controlling share of Adjusted EBITDA																																							5,682
Add: Equity in losses of unconsolidated entities																																							(11,902)
Less: Interest and other costs on pension and OPEB liabilities																																							(600)
Less: Dividends and accretion of redeemable preferred stock																																							(16,975)
Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities																																							(6,257)
Less: Interest expense																																							(27,593)
Less: Depreciation and amortization expense																																							(21,097)
Less: Incentive allocations																																							—
Less: Asset impairment charges																																							—
Less: Changes in fair value of non-hedge derivative instruments																																							—
Less: Losses on the modification or extinguishment of debt and capital lease obligations																																							—
Less: Acquisition and transaction expenses																																							(926)
Less: Equity-based compensation expense																																							(2,340)
Less: Provision for income taxes																																							(1,805)
Less: Other non-recurring items																																							—
Net loss attributable to stockholders																																							$	(56,582)

The following table sets forth a reconciliation of Adjusted EBITDA to net loss attributable to stockholders:

			Three Months Ended March 31, 2023
									Port and Terminals
			Railroad						Jefferson Terminal						Repauno						Power and Gas						Sustainability and Energy Transition						Corporate and Other						Total
Adjusted EBITDA			$	17,151					$	6,518					$	(4,861)					$	11,314					$	(1,710)					$	(6,516)					$	21,896
Add: Non-controlling share of Adjusted EBITDA																																							5,221
Add: Equity in earnings of unconsolidated entities																																							4,366
Less: Interest and other costs on pension and OPEB liabilities																																							(480)
Less: Dividends and accretion of redeemable preferred stock																																							(14,570)
Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities																																							(8,190)
Less: Interest expense																																							(23,250)
Less: Depreciation and amortization expense																																							(20,135)
Less: Incentive allocations																																							—
Less: Asset impairment charges																																							(141)
Less: Changes in fair value of non-hedge derivative instruments																																							(1,125)
Less: Losses on the modification or extinguishment of debt and capital lease obligations																																							—
Less: Acquisition and transaction expenses																																							(269)
Less: Equity-based compensation expense																																							(895)
Less: Provision for income taxes																																							(1,729)
Less: Other non-recurring items																																							(1,288)
Net loss attributable to stockholders																																							$	(40,589)

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated

The following tables sets forth the summarized balance sheet. All property, plant and equipment and leasing equipment are located in North America.

			March 31, 2024
									Ports and Terminals
			Railroad						Jefferson Terminal						Repauno						Power and Gas						Sustainability and Energy Transition						Corporate and Other						Total
Current assets			$	55,389					$	73,112					$	6,977					$	—					$	23,065					$	5,988					$	164,531
Non-current assets			664,043						1,126,457						296,307						6,713						73,036						13,594						2,180,150
Total assets			719,432						1,199,569						303,284						6,713						96,101						19,582						2,344,681
Total debt, net			—						738,283						44,250						—						—						561,656						1,344,189
Current liabilities			49,639						141,146						7,694						1,518						—						39,770						239,767
Non-current liabilities			56,024						720,071						47,670						54,798						—						563,610						1,442,173
Total liabilities			105,663						861,217						55,364						56,316						—						603,380						1,681,940
Redeemable preferred stock			—						—						—						—						—						342,207						342,207
Non-controlling interests in equity of consolidated subsidiaries			3,027						(84,743)						(299)						—						—						—						(82,015)
Total equity			613,769						338,352						247,920						(49,603)						96,101						(926,005)						320,534
Total liabilities, redeemable preferred stock and equity			$	719,432					$	1,199,569					$	303,284					$	6,713					$	96,101					$	19,582					$	2,344,681

			December 31, 2023
									Ports and Terminals
			Railroad						Jefferson Terminal						Repauno						Power and Gas						Sustainability and Energy Transition						Corporate and Other						Total
Current assets			$	58,114					$	88,542					$	9,267					$	2					$	22,405					$	7,173					$	185,503
Non-current assets			667,501						1,137,510						295,685						6,825						77,540						9,045						2,194,106
Total assets			725,615						1,226,052						304,952						6,827						99,945						16,218						2,379,609
Total debt, net			—						737,335						44,250						—						—						559,325						1,340,910
Current liabilities			54,150						65,052						4,912						828						—						25,695						150,637
Non-current liabilities			55,975						797,854						47,816						29,310						—						559,926						1,490,881
Total liabilities			110,125						862,906						52,728						30,138						—						585,621						1,641,518
Redeemable preferred stock			—						—						—						—						—						325,232						325,232
Non-controlling interests in equity of consolidated subsidiaries			2,861						(74,278)						(13)						—						—						—						(71,430)
Total equity			615,490						363,146						252,224						(23,311)						99,945						(894,635)						412,859
Total liabilities, redeemable preferred stock and equity			$	725,615					$	1,226,052					$	304,952					$	6,827					$	99,945					$	16,218					$	2,379,609

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Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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